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June 25, 2021

EximBank supports the development of Romanian-Turkish commercial relations

EximBank does its best to facilitate the access of Romanian companies to non-European markets and, with Turkey being the main trading partner outside the EU for Romania, we want to identify – together with the Turkish businesspeople – modalities to support the development of bilateral commerce, the President of EximBank, Ionut Costea said during a working meeting with representatives of the Association of Turkish Businessmen in Romania (TIAD).The meeting was attended by EximBank President Ionut Costea, the President of TIAD, Omer Susli, and by officials representing some of the most important Turkish companies in Romania, such as Garanti Bank, Credit Europe Bank or URB Group Corporate Center.“At present, it is imperiously necessary for Romanian exporters to also operate on other markets than those of the EU. Many companies already started doing it, and we can support their efforts through our entire range of products, but especially through the insurances we can provide to Romanian exporters, in view of reducing the risks associated to these transactions. We have special insurances for those who want to export to non-EU regions or in states that have not joined the OECD, as well as products that facilitate the access of our foreign partners to financing, in view of acquiring products and services provided by Romanian companies,” said Ionut Costea, President of EximBank.It is worth signaling to the business community that it can benefit from all the support of EximBank, Costea mentioned, adding that he hopes that, with TIAD support, the information about the ways in which the bank can help the development initiatives of companies will reach its recipients much easier.EximBank  is a specialised institution whose product portfolio, focused on three lines of action – financing,   guarantees and insurances – enables it to support the operations and development of exporters, SMEs and companies involved in projects pertaining to economic sectors that are essential for the economic development, particularly to those which contribute to the absorption of EU funds.”We are optimistic about the potential of the Romanian economy and we believe that an open partnership will allow us to implement important economic projects. We are sure that, with EximBank support, it will be easier for us to identify the concrete possibilities of cooperation – perhaps also through joint-ventures on third-party markets – in view of consolidating the commercial relations between the two states,” said Omer Susli, the President of the Association of Turkish Businessmen in Romania.The Association of Turkish Businessmen is a non-profit organisation founded in 1993, at the initiative of Turkish entrepreneurs in Romania, whose main goal is the development of economic, social and cultural relations between Romania and Turkey.TIAD has approximately 150 members, active in various fields such as: electric and electronic devices, chemical and plastic products, transport, machine building, industry, commerce, financial-banking, food processing, clothing, tourism, constructions.The working meeting with TIAD representatives is part of EximBank’s strategy aimed at promoting its products and services through organisations that are representative for the business environment. So far, the bank signed collaboration protocols with the majority of Chambers of Commerce and Industry in Romania, the Union of Bilateral Chambers of Commerce and Industry in Romania and with the Romanian Employers’ Organisation.

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